Malaysian palm oil price resumes downward trend

RAM also said the increase in Indian import duties on rival soybean oil in June 2018 was also expected to reverse the downtrend in palm oil exports for Malaysia and Indonesia.

BANGKOK: Malaysian palm oil futures fell about 1 percent on Friday, heading for an eighth session of declines in nine, due to rising inventories.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 0.93 percent at 2,030 ringgit ($484.37)per tonne at the midday break.